TREE NEWS update: The National Football League has filed a brief with the US Supreme Court opposing federal regulation of prediction markets such as Kalshi and Polymarket, joining the case as it may head toward a final ruling. Other briefs filed this week include submissions from former regulator Gary Gensler and former senator Chris Dodd. Dodd once pushed a bill on which the CFTC bases its claim to final authority over prediction market oversight.
NFL Backs Federal Regulation of Prediction Markets in Supreme Court Brief
The NFL's involvement signals that prediction markets are now a mainstream sports-integrity concern, not just a niche regulatory fight. The presence of Gensler and Dodd on opposing sides shows how unsettled the jurisdictional question remains, with Dodd's own legislative history now central to the CFTC's authority claim. Whether the Supreme Court takes the case — and how it treats that legislative record — is the open question that will shape where prediction markets can operate.
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